Konami profits $51 million from social success
Publisher has problems living up to Metal Gear Solid: Peace Walker, sees steep decline in unit sales of traditional games offset by growth in free-to-play digital card games.
Konami posted its financial results for the April-June quarter today, showing increased sales and profits as gains in the social gaming sector managed to offset the lack of a new Metal Gear Solid title from the publisher.
The most notable figure coming from the company's first fiscal quarter was a steep drop in the number of games sold. During the April-June quarter of 2010--when Metal Gear Solid: Peace Walker debuted on the PSP--Konami sold 4.63 million games globally. However, the same quarter this year yielded just 2.76 million units sold, with most of the slide attributable to fewer sales in the Metal Gear and Pro Evolution Soccer franchises.
However, Konami's digital entertainment division still managed to post increased sales and profits for the quarter, thanks in large part to the success of its Japanese social games. The publisher cited mobile free-to-play digital card games Dragon Collection, Sengoku Collection, and Professional Baseball Dream Nine as some of its most steadily growing social franchises.
For the first fiscal quarter, Konami reported revenues up 3.3 percent year-over-year to ¥54.9 billion ($695 million). Meanwhile, the company's net income more than tripled to just over ¥4 billion ($51 million). For the full year ending March 31, 2012, Konami expects sales to be flat at ¥258 billion ($3.3 billion), with a net income up nearly 26 percent to ¥24 billion ($304 million). Its biggest releases for the remainder of the fiscal year include Metal Gear Solid: Snake Eater 3D for the 3DS, Pro Evolution Soccer 2012, NeverDead, and Silent Hill: Downpour.
Elden Ring Shadow of the Erdtree Story Trailer Breakdown and Lore Discussion Battlefield 2042 | Future Strike – Time-Limited Event Trailer KINGDOM HEARTS - Official Steam Announcement Trailer The First Descendant│Official Dev Talk│Story Deep Dive Trailer ELDEN RING Shadow Of The Erdtree | Official Cinematic Story Trailer System Shock – Console Launch Trailer Kingmakers – Official "Wreak Havoc" Vehicle Destruction Gameplay Trailer Paper Mario: The Thousand-Year Door Review Still Wakes The Deep - Exclusive "Weaving Horror In 1970s Scotland" Narrative Mini Doc Modern Warfare III & Warzone - Official Season 4 Launch Trailer Diesel Legacy - Ruby Character Gameplay | Combo Hype Trailer Senua's Saga: Hellblade II - Official Launch Trailer (ft. 'Animal Soul' by AURORA)
Please enter your date of birth to view this video
By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy
Got a news tip or want to contact us directly? Email news@gamespot.com
Join the conversation